Balance Transfer Credit Card Offers
A way of getting a bit of leeway on any credit cards that you own at the moment, is by switching to one of the introductory deals on balance transfers, that are on offer right now. Some of these are very good, and are offering 0% interest rates from anything up from 6 months to a full year, though some card issuers are offering balance transfers with a low interest rate for the lifetime of the amount, which is probably a better option if the balance you are transferring is a substantial amount, that you are not going to pay back within the 0% balance option.
There are so many options for credit card owners out there today. If you want to skip the learning process and get right into the best way to protect your money, click here. In the meantime, here’s what you should know about the available credit card offers:
The recent surge of offers coming from card issuers, has seen the introduction of 0% deals, but also the fact that you don’t have to pay the high interest charges of old, and with the fierce competition that has come to light lately, the likelihood of paying over 20% is almost nil, but just make sure if you are taking a credit card out, is not to take the offers of 0% at face value, but to make sure that the sums are done, so that the card is the right one for you in the long run, even if you take out a card that has a permanently low interest rate.
If you would like to take out a loan, then it is worthwhile weighing up your options, rather than just heading to the bank. Though cash withdrawals have usually been a bit sore on the pocket when you go to an ATM with your credit card, some are putting up great offers for anyone who would like a cash advance, though look out for a handling fee in the region of 1.5% and 2%. With some introductory offers starting as low as 2.5% and are more flexible than a loan from a bank who are charging up to 20% on small loans under £2000 and are a lot less flexible.
Cash back credit cards could be the one for you if the idea of spending money is also making you money. The thought of receiving between 0.5%-2% back on the money you spend is welcoming, though the sting is that the APR is usually higher on these cards of about 3 to 4%. This type of card is ideal if you can pay the card off before you incur the interest charges and that the money back can add up to hundreds at the end of the year if you use your card a lot.